widy
New Member

Investors & landlords

Hi,

I have the same case where I live in the house since Nov 2014 and I rented out on July 2020. I am planning to sell the house on Mar 2021. Does the title have to issue 1099-S when I sell the house? They told me that they are supposed to issue 1099-S since it is used for rental before.

If they issue 1099-S, how do we enter it in turbotax so it will excludes the capital gain?

 

Thank you,

Widy